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Documentary Credit (DC,L/C)
Product Overview
The DC, also known as a letter of credit, is a cornerstone of international trade, A DC issued by HSBC allows exporters to ship with confidence knowing that the DC is backed by one of the world's largest banks.
Product Benefits
- Risk mitigation to both exporter and importer
- Various financing opportunities
- Convenience
- A full range of special DCs to suit importers/exporters
- Share HSBC’s expertise in your trade
Product Features
- The exporter (beneficiary), after shipment made, submits documents in accordance with terms and conditions as stipulated in the DC. Documents are checked by the Bank and forwarded to the issuing bank for payment.
- The importer’s bank check the shipping documents based on the terms and conditions of the DC and UCP500 and effect payment, in case sight DC, or send acceptance notice, in case usance/deferred payment DC to the exporter’s bank.
Act now
Please contact the Commercial Customer Service Centre at 1588-7639 or visit a Commercial Banking Centre for more details.
